Rental agreement – Terms and conditions
The terms and conditions of rental agreement
The rental agreement and its principles provide security for both you as a tenant and for us as the landlord.
Here you’ll find a brief overview of the main rules and agreements that help create a pleasant and transparent rental relationship.
-
Contract term
The agreement is signed digitally as a fixed‑term contract and is valid for two (2) years from the date the apartment is handed over.
After the initial term expires, the agreement automatically becomes open‑ended.
By notifying the other party at least one (1) month before the end of the term, the agreement can be terminated at the end of the fixed period. -
Termination of the contract upon the Tenant's request
After two (2) years, the tenant has the right to terminate the agreement by giving at least one (1) months’ notice.
-
Handover of the apartment
The exact handover date of the apartment will be agreed upon when signing the contract.
A valid identity document (ID card or passport) must be presented at the handover. -
Residents
All residents must be listed in the rental agreement.
Subletting the apartment without the landlord’s consent is not allowed (including Airbnb or similar). -
Deposit
The deposit amount equals two (2) months’ rent. The deposit must be paid in one installment.
-
Fixed utilities
Fixed utilities are added to monthly rental price and costs 2,65€/m² (fees and expenses for administrative and utility services, including waste collection).
-
Brokerage fee
No agency fees apply when renting an apartment. Apartments can only be rented directly from the Lumi Namai team.
-
House Rules
The tenant must review and follow the Lumi Namai house rules (regulations for using the apartment, building, and property) throughout the rental period.
Background check
Before signing the rental agreement, all clients undergo a background check.
This includes verifying regular income, checking for payment defaults, reviewing the criminal record, and other necessary activities described in the rental agreement.
If you have chosen a suitable apartment, you will need to submit the following documents along with your application for the background check:
* A copy or photo (taken with a phone) of a valid identity document (ID card, passport, residence permit)
* For agreements with a deposit: a 6‑month bank statement with a digital bank stamp (showing all income and expenses)
Please send the documents to info@luminamai.lt.
See also
Sustainability
At Lumi Namai, sustainability means practical solutions – energy-efficient buildings, waste sorting and much more. Learn more about how we create a sustainable living environment and what we focus on most in the process.
Read More
House Rules
Our house rules are designed to create a pleasant community and a safe environment for all residents. Take a moment to review them before signing your agreement.
Read More
FAQ
Couldn’t find the answer to your question straight away? Check out our Frequently Asked Questions section – you’ll find answers to everything you need to know about your new home and living here.
Read More